Word: gearing
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Dates: during 1950-1959
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...demand, equipment-makers estimate, they will spend 26% more this year on new plants than they invested in 1956. Caterpillar Tractor Co. alone is budgeting $80 million for expansion this year to bring its postwar total to $500 million through 1960. Bucyrus-Erie Co. will boost production of excavating gear at South Milwaukee, Wis. and Evansville, Ind. General Motors will break ground this summer for an earth-moving-equipment plant southeast of Cleveland...
...Evangelist Charles Potter, 45, was in high gear last week on an experiment called the North Birmingham Industrial Crusade. Through a three-square-mile area of dour, industrial Birmingham, Potter and his fellow crusaders are swarming in a "saturation campaign" designed to test the chances of evangelizing the segment of Britain that Billy Graham largely failed to reach-the workers. Potter's plan is not to rack up as many "decisions for Christ" as possible, but to stimulate discussion along Christian lines, eventually organize "Christian cells in the factories-Communism in reverse...
...advanced with the Navy from the old Liberty-engined torpedo plane ("It could make 70 m.p.h. going downhill") to the dive bombers and fighters of World War II. On his last scheduled carrier landing aboard the old Saratoga in 1941, his plane hook skipped over the arresting gear, and he crashed into the landing barrier at high speed. Badly shaken up, he climbed into another plane, took off, and came back in for a perfect landing...
...remote and lonely Pole station. As the camp's scientific leader, he saw to it that each of the items among the 450 tons of supplies parachuted from Air Force and Navy transports was retrieved, catalogued and stored. If the parachutes failed, the gear had to be dug out from beneath as much as 15 ft. of snow and ice. The camp's huts were put on stilts: on the surface they would become uncomfortably humid as their radiated heat melted the snow beneath them. Oil stoves had to be checked; properly installed, they are the antarctic...
...Outright Inflation." Bill Martin replied quietly, lucidly, in a prepared statement. The job of the Federal Reserve Board, said he, is "to determine the volume of credit that needs to be made available in order to keep the economy running in high gear-but without overstrain. Too much credit would intensify upward pressures on prices. Too little could needlessly starve some activities . . . Creating more money will not create more goods. It can only intensify demands for the current supply of labor and materials. That is outright inflation." No sooner had Martin finished his statement than the politically potent questions began...